Baker and OpCapita Deal Saves GAME
Posted by James Newton
Better late than never
GAME has left administration after less than a week.
Investment firm OpCapita negotiated a sale of the company's UK assets to Baker Acquisitions Limited, bringing GAME Group out of administration and providing it with the necessary capital to continue trading over the near future. Baker has confirmed there are no more plans for future store closures, very good news indeed for the chain's roster of over 3,200 employees.
In related news, former Gamestation managing director Martyn Gibbs has been appointed as the chain's new CEO after the departure of Ian Shepherd last week.
Here's hoping the new injection of capital and management change can get new games back on store shelves.